The Global Real Estate Fund Index (GREFI) delivered a total return of 5.93% in Q4 2021, the strongest quarterly result since the inception of the Index.
This release features 455 funds and represents a total gross asset value (GAV) of USD 984.64 billion.
Key highlights include:
- A record quarterly performance of 8.05% by the US focused funds drove the Q4 2021 GREFI All Funds Index’s results
- Asian Pacific, European and global focused funds reported Q4 2021 total returns of 4.69%, 4.27% and 1.38%, respectively, constituting both quarter-on-quarter and year-on-year increases in all cases
- Non-core funds outperformed their core equivalents for the seventh consecutive quarter
Download the report, Excel and snapshots below for detailed GREFI data
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Global Real Estate Fund Index (GREFI) Quarterly
Last updated on 19 Mar 2024
The Global Real Estate Fund Index (GREFI) is jointly produced by INREV, ANREV and NCREIF and measures the performance of non-listed real estate vehicles on a global scale.
Please send feedback to bert.teuben@inrev.org, daisy.huang@anrev.org, or ddierking@ncreif.org
The GREFI is an index showing the performance of non-listed real estate funds on a global scale. The GREFI is updated on a quarterly basis and is published 12 weeks following the quarter end.
The aims of the GREFI are to improve transparency of real estate as an asset class and to help our members make better informed investment decisions. As an industry, it is vital that we work towards being able to make robust global and intra-regional comparisons.
This initiative represents the integration of three member-driven non-profit organisations to meet the data collection and information needs of their expanding global activities, and to serve as the basis for further collaboration in the future.